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Empire Life Announces 41% Common Share Dividend Increase

KINGSTON, ONTARIO--(Marketwired - March 4, 2014) - The Empire Life Insurance Company (Empire Life) today announced a 41% increase in its common share dividend to $34.4985 per share for 2014 (compared to $24.4652 per share paid in 2013).

On February 25, 2014, the Board of Directors of Empire Life declared the payment of an annual cash dividend of $34.4985 per share for Empire Life issued and outstanding common shares, payable March 18, 2014 to shareholders of record February 25, 2014. Empire Life advises that the above-referenced dividend is an eligible dividend for the purposes of the Income Tax Act, Canada and any similar provincial tax legislation.

About Empire Life

A subsidiary of E-L Financial Corporation Limited and in business since 1923, Empire Life helps Canadians build wealth and protect their financial security with competitive individual and group life and health insurance, investment and retirement products. The company's vision is to be known for simplicity, being easy to do business with, and having a personal touch.